http://realnetsolutions.ws/RealNetCMP.htm
As the last cars roll off those lots, dealers and their local governments will have to decidde what to do with a sea of underused and undervalued The challenges will be made even more difficult by a devastatingg real estate economy that has suckeds much of the value out of the one assegthat can’t be cleared off the lot in a weekenf sales blitz. “It’s not like people are lininh up to take showrookm spaceoff anybody’s said Steve Silverman, the new economic development director for Montgomerg County.
“The bottom line is, you’re goiny to see a lot of vacant dealerships arouned the region that willremain That’s not an image any jurisdiction wants to project, and there’se not a short-term solution to it.” The fate of one Dodger dealership in a tiny bedroom community near Chicagi may offers a glimpse of what lies in storse for the thousands of acres of real estated involved.
Monday, August 30, 2010
Saturday, August 28, 2010
Village Homes reaches deal to sell houses again - Denver Business Journal:
http://specsbros.com/duplication.htm
In recent weeks, Village Homes of Greenwood Villagee and its lender group headed by Guaranty Bank of Dallasa have agreed to an interim settlementof long-standing differences related to home The settlement is expected to be finalized at an Aprill 15 bankruptcy court hearing in Denver. “Thiws is really kind of an interim measure to allow us to get back more to busineswas usual,” said Matt Osborn, newly appointed president and COO of Villaged Homes and son of Village founder/CEO John “It’s not a reorganization plan, but it’s the first step toward a reorganizationm plan.
” The homebuilder already is lookingg for a financing source, possibly an investor, to help fund futur e home construction when the local housing market improves, Matt Osbor n said. Village currently isn’t building The younger Osborn formerly wasVillages Homes’ vice president of homebuilding, and ascended to his currentt positions after former President and COO Cherylk Schuette stepped down in February. Schuette remains an owner of Village Homes.
Because of the settlement, Village has closed on the sale of five housesd in the lasttwo weeks, and anothee six or seven home sales are scheduledc to close in the next few weeks, Matt Osborn Some of those transactions are short which Village’s lenders opposed in the past. In a shortg sale, proceeds from the sale of a house are less than the balance owed on its The lender who provided the home loan agrees to discountt theloan balance, and sale proceeds go to the lender to satisfyg the debt. Before the settlement, Village completed only a handful ofhome sales, including four short salees in December for a total of $2.4 million, sincre filing for bankruptcy protection in November.
The compang received $1.5 million from the four sales, afterd closing costs and lien payments. Villager currently has a total inventory of125 houses, and roughlhy 25 are under contract for sale, Matt Osbormn said. Prices for those housew range from thelow $100,000sd to the low $600,000s. “This is a good compromise that will getthings moving. … Hopefully, it will break the logjakm and allow for a methodolog for closing homes with the consengtof every-body,” Risa Wolf-Smith, a partnert and bankruptcy attorney at LLP in Denver, said of the Wolf-Smith represents Guaranty Bank.
In filing Chapterf 11 last fall, Village Homes cited capital challenged because of the soft housing troubled credit industry and high home The builder had total assetsaof $103.9 million at the time and liabilitie s of $138.4 million, including $130 millioh of secured lender debt. A major stumblingy block to Village finalizing home salea has been getting all members of the lendetr group to agree on provisions ofthosw sales, according to Wolf-Smith. In addition to Guarantgy Bank of Texas, lender group memberxs include ResidentialFunding Co.
LLC of Minneapolia (part of GMAC Mortgage Group), Compass Bank in Centennial and Wachoviqa Bank NAof Addison, The lender group also has been at odds with Villager Homes, wanting to get bankruptcy courft permission to move ahead with foreclose on unsold Village housez in order to recoup funds the homebuilder owes its members. The buildere wants to use money from home sales to fund company The court has barred the lendere from foreclosing on the homesx to give Village time to come up with a viablesreorganization plan. The hearings on the lendet group’s foreclosure request were heldMarch 9, 11 and 13.
Shortl y after the hearings, Village and the lender grouopbegan “earnest efforts” to resolve their differences and came up with an interim settlement plan, according to a mid-Marcyh court filing. “Going forward, we have kind of a bifurcatef approach,” Matt Osborn said. “We have salese of existing homes … and identifying core assets that will be the foundation for the emergence of Village Homes out ofthis process.” The settlement allows the builder to keep core which include land for futurre houses in Douglas, Larimer and Grand counties.
Other key pointsw of the proposed settlement include the lender groul not foreclosing onVillage houses, but being allowee to foreclose on non-core which are unspecified properties not included in the core assegt category, according to a bankruptcy cour t filing. The non-core assets will be liquidated by a chietf restructuring officer hiredby Village, and the lende r group will pay disposalp costs. If Village defaults on the settlement agreement, the lender grouo will be repaidthose funds.
Village home sales will go according tothe settlement, and the lender group will get proceedse from sales, after the payment of closinvg costs and payments to providers of supplies and The lender group also will waive tens of millionsw of dollars in deficiency claims against Village, as well as potentiall multimillion-dollar administrative expense claims. Likewise, Villagd will drop claims against thelended group.
In recent weeks, Village Homes of Greenwood Villagee and its lender group headed by Guaranty Bank of Dallasa have agreed to an interim settlementof long-standing differences related to home The settlement is expected to be finalized at an Aprill 15 bankruptcy court hearing in Denver. “Thiws is really kind of an interim measure to allow us to get back more to busineswas usual,” said Matt Osborn, newly appointed president and COO of Villaged Homes and son of Village founder/CEO John “It’s not a reorganization plan, but it’s the first step toward a reorganizationm plan.
” The homebuilder already is lookingg for a financing source, possibly an investor, to help fund futur e home construction when the local housing market improves, Matt Osbor n said. Village currently isn’t building The younger Osborn formerly wasVillages Homes’ vice president of homebuilding, and ascended to his currentt positions after former President and COO Cherylk Schuette stepped down in February. Schuette remains an owner of Village Homes.
Because of the settlement, Village has closed on the sale of five housesd in the lasttwo weeks, and anothee six or seven home sales are scheduledc to close in the next few weeks, Matt Osborn Some of those transactions are short which Village’s lenders opposed in the past. In a shortg sale, proceeds from the sale of a house are less than the balance owed on its The lender who provided the home loan agrees to discountt theloan balance, and sale proceeds go to the lender to satisfyg the debt. Before the settlement, Village completed only a handful ofhome sales, including four short salees in December for a total of $2.4 million, sincre filing for bankruptcy protection in November.
The compang received $1.5 million from the four sales, afterd closing costs and lien payments. Villager currently has a total inventory of125 houses, and roughlhy 25 are under contract for sale, Matt Osbormn said. Prices for those housew range from thelow $100,000sd to the low $600,000s. “This is a good compromise that will getthings moving. … Hopefully, it will break the logjakm and allow for a methodolog for closing homes with the consengtof every-body,” Risa Wolf-Smith, a partnert and bankruptcy attorney at LLP in Denver, said of the Wolf-Smith represents Guaranty Bank.
In filing Chapterf 11 last fall, Village Homes cited capital challenged because of the soft housing troubled credit industry and high home The builder had total assetsaof $103.9 million at the time and liabilitie s of $138.4 million, including $130 millioh of secured lender debt. A major stumblingy block to Village finalizing home salea has been getting all members of the lendetr group to agree on provisions ofthosw sales, according to Wolf-Smith. In addition to Guarantgy Bank of Texas, lender group memberxs include ResidentialFunding Co.
LLC of Minneapolia (part of GMAC Mortgage Group), Compass Bank in Centennial and Wachoviqa Bank NAof Addison, The lender group also has been at odds with Villager Homes, wanting to get bankruptcy courft permission to move ahead with foreclose on unsold Village housez in order to recoup funds the homebuilder owes its members. The buildere wants to use money from home sales to fund company The court has barred the lendere from foreclosing on the homesx to give Village time to come up with a viablesreorganization plan. The hearings on the lendet group’s foreclosure request were heldMarch 9, 11 and 13.
Shortl y after the hearings, Village and the lender grouopbegan “earnest efforts” to resolve their differences and came up with an interim settlement plan, according to a mid-Marcyh court filing. “Going forward, we have kind of a bifurcatef approach,” Matt Osborn said. “We have salese of existing homes … and identifying core assets that will be the foundation for the emergence of Village Homes out ofthis process.” The settlement allows the builder to keep core which include land for futurre houses in Douglas, Larimer and Grand counties.
Other key pointsw of the proposed settlement include the lender groul not foreclosing onVillage houses, but being allowee to foreclose on non-core which are unspecified properties not included in the core assegt category, according to a bankruptcy cour t filing. The non-core assets will be liquidated by a chietf restructuring officer hiredby Village, and the lende r group will pay disposalp costs. If Village defaults on the settlement agreement, the lender grouo will be repaidthose funds.
Village home sales will go according tothe settlement, and the lender group will get proceedse from sales, after the payment of closinvg costs and payments to providers of supplies and The lender group also will waive tens of millionsw of dollars in deficiency claims against Village, as well as potentiall multimillion-dollar administrative expense claims. Likewise, Villagd will drop claims against thelended group.
Thursday, August 26, 2010
A good way to give back - Boston Business Journal:
http://moodymethodist.org/sermons/2003-04-13.htm
Not just the but ordinary people. There are 64,00p0 charitable foundations in U.S., and 37,500 of them are familhy foundations. About 60 percent of those are small, accordingf to the , a community foundation. By small, they mean assetsd of less than $1 million, which, of course, isn’g all that small. But if you think about it, in New there are many individuals of modest meand who find themselves with no heirs and substantiapl assets in the form ofa mortgage-free, highlg appreciated home. (Appreciation has gone the wronyway lately, but it stilkl can be worth a chunk.
) Those peopler can always give their assets to a distant nephew or niece, but many would rather donatr to a worthy or several of them. One way is to set up a privatd foundation. But why do that when therew isa simpler, more efficient and less expensivse way? As the reported last week, increasinv numbers of individuals and familiexs are establishing donor-advised funds operated by such financiakl institutions as or the . For an annuaol fee of as little as a fewhundrecd dollars, a budding philanthropist can tell Fidelity or Vanguard when and how much of their gift to either in broad terms or very specifically.
The advantage, besidesa efficiency, is that the donor is entitled to a bigge rtax deduction. Although Fidelity, Vanguard and otherws are very cost-efficient, there is an even better alternative, in my That would be to set upa donor-advise fund at a locak community foundation. There are nine community foundations inNew Mexico. The annuak fee would be a little higher than the computerized approach of Fidelityor Vanguard, but there would be a personal A local community foundatiobn knows the community and can offer suggestions and guidancew on how to best meet your charitablew interests.
You could specify gifts to an international or to alocal one, or to many, or even to a rangse of local charities doing work with children, the hungry, the abused, the arts or any qualifiex nonprofit organization. The giving doesn’tg have to wait unti l you die, either. A non-revocable gift gets you an immediate tax deduction, even if the donations are spread out for or forever. Forever is a nice It can help to get your mind offscaling back, and onto somethin more lasting.
Not just the but ordinary people. There are 64,00p0 charitable foundations in U.S., and 37,500 of them are familhy foundations. About 60 percent of those are small, accordingf to the , a community foundation. By small, they mean assetsd of less than $1 million, which, of course, isn’g all that small. But if you think about it, in New there are many individuals of modest meand who find themselves with no heirs and substantiapl assets in the form ofa mortgage-free, highlg appreciated home. (Appreciation has gone the wronyway lately, but it stilkl can be worth a chunk.
) Those peopler can always give their assets to a distant nephew or niece, but many would rather donatr to a worthy or several of them. One way is to set up a privatd foundation. But why do that when therew isa simpler, more efficient and less expensivse way? As the reported last week, increasinv numbers of individuals and familiexs are establishing donor-advised funds operated by such financiakl institutions as or the . For an annuaol fee of as little as a fewhundrecd dollars, a budding philanthropist can tell Fidelity or Vanguard when and how much of their gift to either in broad terms or very specifically.
The advantage, besidesa efficiency, is that the donor is entitled to a bigge rtax deduction. Although Fidelity, Vanguard and otherws are very cost-efficient, there is an even better alternative, in my That would be to set upa donor-advise fund at a locak community foundation. There are nine community foundations inNew Mexico. The annuak fee would be a little higher than the computerized approach of Fidelityor Vanguard, but there would be a personal A local community foundatiobn knows the community and can offer suggestions and guidancew on how to best meet your charitablew interests.
You could specify gifts to an international or to alocal one, or to many, or even to a rangse of local charities doing work with children, the hungry, the abused, the arts or any qualifiex nonprofit organization. The giving doesn’tg have to wait unti l you die, either. A non-revocable gift gets you an immediate tax deduction, even if the donations are spread out for or forever. Forever is a nice It can help to get your mind offscaling back, and onto somethin more lasting.
Tuesday, August 24, 2010
Sunday, August 22, 2010
Orinda, Octagon plan loft/retail conversion - Tampa Bay Business Journal:
http://websitesoft.biz/products/video2site/pricing.php
Atlanta-based and Charlotteville, Va.-based reported their plans for the properthy at 222Mitchell Street, but they did not disclos financial terms of the deal. The 350,000-square-foot structurw was built in stages from 1929 to 1979on 2.1 acrees and occupies the entire city blocm bounded by Spring, Forsyth, Mitchell and Nelsonh Streets. Orinda and Octagon will converg the property into a rental building with 205 loft units and morethan 70,000 square feet of commerciap space. Occupancy is expected in January 2011.
“The redevelopment of 222 Mitchel Street into rental lofts and retai l space will play a significant role in the rebirtgh of this part ofdowntown Atlanta,” said Dillon president of Orinda, in a statement. “We’rs certain that living at 222 Mitchellk Street will appeal to young professionalas whowork downtown, as well as to colleges students, especially those who alreadg attend one of the many fine institutions in the such as Georgia State University, Morehouse, Clark Atlanta University and Georgia
Atlanta-based and Charlotteville, Va.-based reported their plans for the properthy at 222Mitchell Street, but they did not disclos financial terms of the deal. The 350,000-square-foot structurw was built in stages from 1929 to 1979on 2.1 acrees and occupies the entire city blocm bounded by Spring, Forsyth, Mitchell and Nelsonh Streets. Orinda and Octagon will converg the property into a rental building with 205 loft units and morethan 70,000 square feet of commerciap space. Occupancy is expected in January 2011.
“The redevelopment of 222 Mitchel Street into rental lofts and retai l space will play a significant role in the rebirtgh of this part ofdowntown Atlanta,” said Dillon president of Orinda, in a statement. “We’rs certain that living at 222 Mitchellk Street will appeal to young professionalas whowork downtown, as well as to colleges students, especially those who alreadg attend one of the many fine institutions in the such as Georgia State University, Morehouse, Clark Atlanta University and Georgia
Saturday, August 21, 2010
Sweden Rescinds Warrant for WikiLeaks Founder - New York Times
http://workerbest.blogspot.com/2010/08/invasion-of-mold-spores.html
ABC Online | Sweden Rescinds Warrant for WikiLeaks Founder New York Times LONDON â€" Julian Assange, founder of the whistle-blower Web site WikiLeaks who has been embroiled in a fight with the Pentagon over the recent release of classified documents, briefly became the focus of new attention ... Sweden Withdraws Arrest Warrant for Embattled WikiLeaks Founder Profile: Julian Assange Sweden drops Assange rape charge |
Thursday, August 19, 2010
How Clemens will defend himself against perjury charge - SI.com
http://digitalset.od.ua/html/tranzistornie_usilitelnie_shemi/1.1/index.htm
Reuters UK | How Clemens will defend himself against perjury charge SI.com Roger Clemens could be going to prison instead of the H » |
Tuesday, August 17, 2010
S.C. authorities seeking murder charges against mother - CNN
http://satokami.com/buy-steel-doors-provide-the-security-to-your-property/
msnbc.com | S.C. authorities seeking murder charges against mother CNN South Carolina authorities are seeking murder charges against a woman in the deaths of her two children, who were found in a car submerged in a river Monday, Orangeburg County Sheriff Larry Williams told CBS' "The Early Show. ... Mom Shaquan Duley charged with smothering her two tots; staging car crash as ... US mother 'killed two children' SC police: Mom killed children before sinking car |
Sunday, August 15, 2010
Accused 'Craigslist killer' Philip Markoff commits suicide in Boston jail - Boston Globe
http://australiaprop.com/online-shopping-center-offers-good-discounted-steel-doors/
New York Daily News | Accused 'Craigslist killer' Philip Markoff commits suicide in Boston jail Boston Globe Accused “Craigslist Killer†Philip Markoff committed suicide at Nashua Street Jail in Boston, where he was being held awaiting trial in the slaying of Julissa Brisman, 25, who was visiting from New York, according to ... Craigslist killing suspect dead in Mass. suicide 'Craigslist Killer' Philip Markoff Commits Suicide Craigslist 'killer' found dead in Boston jail |
Friday, August 13, 2010
BP to proceed with relief well after tests - Reuters
braun handheld blenders
New York Times (blog) | BP to proceed with relief well after tests Reuters The containment capping stack is seen in this close-up image captured from a BP live video feed from the Gulf of Mexico, August 4, 2010. By Chris Baltimore HOUSTON (Reuters) - BP Plc will proceed with a relief well to kill its blown-out Gulf of Mexico ... BP: Gulf Oil Spill Is Not Dead Yet BP Must Finish Gulf of Mexico Relief Well, » |
Wednesday, August 11, 2010
Stocks dive sharply after flurry of bad news on global economy - Los Angeles Times
Los Angeles Times | Stocks dive sharply after flurry of bad news on global economy Los Angeles Times The Dow Jones industrial average f » |
http://adm-fenetres.com/menuiseries.php?categorie=alu
Monday, August 9, 2010
Naomi Campbell and the 'Blood Diamond' Hoax - Wall Street Journal
CBC.ca | Naomi Campbell and the 'Blood Diamond' Hoax W » |
http://worlib.org/vol01no1/print/marco_print.html
Saturday, August 7, 2010
Taliban kills 10 medical aid workers in northern Afghanistan - Washington Post
The Hindu | Taliban kills 10 medical aid workers in northern Afghanistan Washington Post KABUL -- Gunmen killed 10 members of a medical team, including six Americans, traveling in the rugged mountains of northern Afghanistan, demonstrating the reach of insurgents far from their traditional havens and shocking the ... Taliban kills 10 aid workers, including 6 Americans Dead aid workers knew risks but loved Afghanistan British surgeon Karen Woo, due to wed in two weeks, among 10 medics executed ... |
http://www.thenewpornigraphers.com/article/8-megapixel-mini-cameras-coming-.html
Thursday, August 5, 2010
Oil spill in Michigan's Kalamazoo River has echoes of Gulf of Mexico disaster - Washington Post
CBC.ca | Oil spill in Michigan's Kalamazoo River has echoes of Gulf of Mexico disaster Washington Post BP, the government and an army of volunteers are fighting to contain and clean the millions of g » |
livejournal.com
Tuesday, August 3, 2010
BP Begins Static Kill on Gulf Oil Well - Voice of America
Globe and Mail | BP Begins Static Kill on Gulf Oil Well Voice of America Photo: AP BP oil company has begun pumping heavy mud into a blown-out well in the Gulf of Mexico in an effort to seal it off permanently. In Miami, The first phase of the operation could take as long as three days. Engineers launched the so-c » |
victoria0douglas.wordpress.com
Sunday, August 1, 2010
BP aims to plug gulf oil well for good with two-pronged 'kill' shot - Washington Post
The Guardian | BP aims to plug gulf oil well for good with two-pronged 'kill' shot Washington Post BP, the government and an army of volunteers are fighting to contain and clean the millions of g » |
blogspot.com
Subscribe to:
Posts (Atom)